Company Announcements

Date : 15 January 2021

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : COMBINATION OF NEW ISSUE OF SECURITIES LATITUDE TREE HOLDINGS BERHAD ("LTHB" OR "COMPANY") (I) PROPOSED BONUS ISSUE; AND (II) PROPOSED ESS (COLLECTIVELY REFERRED TO AS "PROPOSALS")

LATITUDE TREE HOLDINGS BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
COMBINATION OF NEW ISSUE OF SECURITIES
Description
LATITUDE TREE HOLDINGS BERHAD ("LTHB" OR "COMPANY")

(I) PROPOSED BONUS ISSUE; AND
(II) PROPOSED ESS

(COLLECTIVELY REFERRED TO AS "PROPOSALS")

This announcement is dated 15 January 2021.

 

Reference is made to the announcement in relation to the Company's Proposals dated 17 December 2020 and 8 January 2021 ("Earlier Announcements). Unless otherwise stated, defined terms in this announcement shall carry the same meanings as defined in the Earlier Announcements.

 

On behalf of the Board of Directors of LTHB, AmInvestment Bank Berhad (AmInvestment Bank) wishes to announce that Bursa Malaysia Securities Berhad (Bursa Securities) had vide its letter dated 15 January 2021, approved the listing of and quotation for 97,155,000 new LTHB shares to be issued pursuant to the Proposed Bonus Issue and listing of such number of additional new LTHB Shares up to 10% of the issued share capital of LTHB (excluding treasure shares, if any) to be issued pursuant to the Proposed ESS, subject to the following conditions:-

 

1. AmInvestment Bank is required to submit a confirmation to Bursa Securities of full compliance of the Proposed ESS pursuant to paragraph 6.43(1) of the Main Market Listing Requirements ("MMLR") and stating the effective date of implementation;

2. LTHB is required to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the Proposed ESS as at the end of each quarter together with a detailed computation of listing fees payable;

3. LTHB and AmInvestment Bank must fully comply with the relevant provisions under the MMLR pertaining to the implementation of the Proposed Bonus Issue;

4. LTHB and AmInvestment Bank to inform Bursa Securities upon completion of the Proposed Bonus Issue;

5. LTHB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval once the Proposed Bonus Issue is completed;

6. LTHB and AmInvestment Bank are required to make the relevant announcements in accordance with Paragrah 6.35(2)(a)&(b) and 6.35(4) of the MMLR for the Proposed Bonus Issue; and

7. A ceritified true copy of the resolutions passed by shareholders of the extraordinary general meeting for the Proposals.






Announcement Info

Company Name LATITUDE TREE HOLDINGS BERHAD
Stock Name LATITUD
Date Announced 15 Jan 2021
Category General Announcement for PLC
Reference Number GA1-15012021-00023



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